Tasmania’s largest industry super fund is losing its chairman, Doug Fry, prompting a national search for a replacement.
Fry, after 16 years in the chair at Tasplan, will retire from December this year.
The fund, jointly sponsored by the Tasmanian Chamber of Commerce and Industry (TCCI) and Unions Tasmania, has retained Melbourne-based executive recruitment consultancy Big Fish to find a replacement.
Speaking of Fry’s contribution to the fund, CEO Neil Cassidy said that Fry’s joint-winning of Trustee of the Year Award in 2009 was testament to his abilities.
“His knowledge, personal integrity and representation of Tasplan is held in the highest regard by all associated with the fund, including board members, staff, service providers, and his peers in the superannuation industry,” Cassidy said.
Cassidy said Fry had been available seven days a week. “My encroachment on his time has never been questioned,” Cassidy said. “His personal connection with the board and staff is an extension of the culture that filters through the organisation from the top down.”
Fry first served on Tasplan’s board as a director from 1989 to 1995, when he was elected independent chairman, a position he has retained since then.
While Fry has been chair, Tasplan’s membership has grown from 12,000 to 104,000, with FUM growing from $1.1 million to more than $1.5 billion.
Big Fish would be looking to find candidates, Cassidy said, with an appointment being made in October for a December changeover.
Cassidy said the board had decided to seach among the widest possible pool of candidates for a replacement, and therefore appoint the best person for the long-term future of the fund.